Robocoin Policy Change Ignites Fears Over Centralisation
A vocal minority of operators are taking a stand against major bitcoin ATM manufacturer Robocoin over its decision to cut ties with any business partners that refuse to upgrade to its new proprietary wallet platform. At press time, the operators of eight machines have confirmed to CoinDesk that their Robocoin bitcoin ATM units had gone offline over the issue. Robocoin has some 45 machines in operation globally, according to the CoinDesk Bitcoin ATM Map. The operators of these eight machines have refused to upgrade to the company's Robocoin 2.0 platform, which will require them to collect....
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Today, Robocoin has announced open enrollment for their Robocoin Wallet, which is needed to use the "Robocoin Bank." Robocoin has taken the first step to moving away from being just a Bitcoin ATM company to becoming a full-fledged "Bitcoin Bank." The Robocoin Banking platform, which utilizes all existing Robocoin ATMs as automated kiosks, will provide banking services to customers around the world in the form of a new Bitcoin wallet: The Robocoin Wallet. Robocoin first revealed plans to change their ATMs into a more functional global network to support Bitcoin earlier this year. Those that....
The Bitcoin Foundation's chief scientist Gavin Andresen has given his opinions on a variety of issues at this year's Web Summit - an annual event held in Dublin, Ireland, that attracted more than 20,000 attendees this year. The summit has established itself as an important date on the calendars of technology investors, startups and even rock stars, like U2 frontman Bono, who attends regularly. Andresen gave a wide-ranging interview to the Wall Street Journal's Lisa Fleisher, at the event's 'Centre Stage', discussing the centralisation in mining, regulation by governments and the future of....
Robocoin's Sam Glaser Addresses Concerns About Robocoin ATMs. Recently I was contacted by a disappointed Robocoin ATM user. His experience with the ATM was not good: He felt the fee's were too high. I and others had voiced concerns over security and ease of use as well. In response, Sam Glaser of Robocoin contacted me after reading my article and has answered some questions for me. He let me know his concern about the misconceptions surrounding how and why the Robocoin ATM needs the info and security measures it does. Sam addresses the fee structure as well. With Robocoin ATMs being....
Robocoin, a Bitcoin based company in Las Vegas, Nevada, has announced that they will be launching a new project called Robocoin Bank. The new project will take all existing Robocoin ATMs and turn them into banking branches. Through software updates, they plan to add features that allow users to bank using Bitcoin. Robocoin is offering the chance to start your own branch of Robocoin Bank by purchasing and operating one of these Robocoin Kiosks. Robocoin Banking functionality should be fully online starting summer of 2014. The new features will allow users to open a Robocoin Bank account in....
Robocoin Bitcoin ATM operators now have a new attractive alternative to abiding by Robocoin's new compliance standards. In response to Robocoin's move to enforce AML/KYC compliance for all of its ATM operators (even non-American ones), some Bitcoin enthusiasts have banded together to port Lamassu's open source Bitcoin ATM software to run on Robocoin's hardware. Currently, the Lamassu Robocoin ATMs only have buy functionality; however, both sell and optional AML/KYC features are also in the works. Also read: Bitcoin ATM Disappointment and the Huge Bank-like Fees for Using Them. New....